Above yellow support and price could move as high as the 5-day highs on Monday:- random resistance.
Below the Yellow support and US markets are pushing back down into the Weekly 50% levels..."
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S&P Weekly and 5-day pattern
Monday's trading was simply trading on the side of the 5-day filter (Yellow).
Resulting in Monday pushing down into the Weekly 50% level once again found buying support.
FED meets on Tuesday, and with any cut in rates should hopefully get US markets moving higher and towards the December 50% levels.
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